The loan amount you borrowed from the lender. Principal is the original amount of money and not the interest. At the beginning of your mortgage, a borrower may need to pay a larger sum upfront to cover the interest, before being able to pay down the actual principal amount.
Read more: First-Time Homebuying Guide
Zach Child is a recent graduate from the University of Washington with an interest in digital marketing strategy. At Sundae, Zach is part of the team that distributes editorial content across social channels and is responsible for the creation of visual content that helps grow Sundae’s brand.
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